Plans » Benchmarking Engine
Benchmarking Redi-Floors, Inc. 401(K) Plan in Marietta, GA against
good (4)
neutral (9)
Redi-Floors, Inc. 401(K) Plan in Marietta, GA has the 4th-highest yield on beginning-of-plan-year total assets (16.65%) among the 34 plans whose industry group is Building Finishing Contractors. That 16.65% compares to an average of 13.60% across those 34 plans.
Beating the average of 13.60% means an extra $492,914 in net earnings on investments.
Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year
Redi-Floors, Inc. 401(K) Plan has these standings among those 34 peer plans:
Beating the average of 13.60% means an extra $492,914 in net earnings on investments.
Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year
Redi-Floors, Inc. 401(K) Plan has these standings among those 34 peer plans:
- yield on beginning-of-plan-year total assets = 16.65% (4th-highest)
- net earnings on investments = $2,692,579 (11th-highest)
- total assets at beginning of plan year = $16,170,744 (14th-most)
- asset transfers to this plan = $0
- asset transfers from this plan = $0
- cash contributions from participants = $1,586,147
- cash contributions from employers = $355,001
- total contributions = $2,012,455
beat out by Westco Closet 401(K) Retirement Plan in Hawthorne, NY (19.23%), Phase 2 Company 401(K) Plan in Ft Collins, CO (16.84%), and 3-G Construction Co., Inc. 401k Plan in Phoenix, AZ (16.69%).
beat Keenan, Hopkins, Suder & Stowell Contractors, Inc. 401(K) Plan and Trust in Anaheim, CA (16.13%), Frank L Blum Construction Co., Inc. 401(K) Profit Sharing Plan in Winston-Salem, NC (15.67%), Muth Electric, Inc. 401(K) Retirement Plan in Mitchell, SD (15.65%), and New England Finish Systems, LLC Profit Sharing & 401(K) Plan in Salem, NH (15.52%), and others, ending with Painters District Council No. 30 Finishing Industries Retirement Savings Fund in Aurora, IL (7.48%).
beat Keenan, Hopkins, Suder & Stowell Contractors, Inc. 401(K) Plan and Trust in Anaheim, CA (16.13%), Frank L Blum Construction Co., Inc. 401(K) Profit Sharing Plan in Winston-Salem, NC (15.67%), Muth Electric, Inc. 401(K) Retirement Plan in Mitchell, SD (15.65%), and New England Finish Systems, LLC Profit Sharing & 401(K) Plan in Salem, NH (15.52%), and others, ending with Painters District Council No. 30 Finishing Industries Retirement Savings Fund in Aurora, IL (7.48%).
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Redi-Floors, Inc. 401(K) Plan in Marietta, GA is in Marietta, GA, its EIN is 581719346, its industry group is Building Finishing Contractors, its plan administrator is Brenda Ezqueda, is a profit-sharing plan, covered by a fidelity bond, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 238300, has 100 to 499 total participants, is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- net assets (assets minus liabilities) ($19.40M)
- total assets ($19,372,945)
- value of interest in pooled separate accounts ($18,915,280)
- total assets at beginning of plan year ($16,170,744)
- total income ($4,700,599)
- net income ($3,202,201)
- earnings on investments ($2,692,579)
- net earnings on investments ($2,692,579)
- total contributions ($2,012,455)
- cash contributions from participants ($1,586,147)
- total expenses ($1,498,398)
- participant loans ($377,267)
- cash contributions from employers ($355,001)
- value of funds held in insurance company general account (unallocated contracts) ($80,398)
- contract administrator fees ($68,635)
- total administrative expenses ($68,635)
- corrective distributions ($45,163)
- average account balance ($44,433)
- net income per total participant ($7,344)
- average participant cash contribution per active participant ($4,078)
- average employer cash contribution per active participant ($912.60)
- total administrative expense per participant ($157.42)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of interest in registered investment companies (e.g., mutual funds) ($0.0K)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (89.2%)
- yield on beginning-of-plan-year total assets (16.65%)
- diversity of asset types (3.9%)
- participant loans as a percentage of plan assets (1.95%)
- total administrative expense ratio (0.350%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (389)
- deceased participants whose beneficiaries receive or are entitled to benefits (2)
- living participants (434)
- other retired or separated participants entitled to future benefits (45)
- retired or separated participants receiving benefits (0)
- total participants (436)
Global References